【After a strong market rebound, mainstream CEX and DEX funding rates show a significant easing of bearish sentiment】

BlockBeats news, March 4th, according to Coinglass data, Bitcoin has rebounded strongly, surpassing $71,000. Currently, the funding rates for mainstream CEX and DEX have turned positive, approaching neutrality, and bearish sentiment has significantly eased. Specific funding rates for major cryptocurrencies are shown in the attached chart. BlockBeats note: Funding rates are set by cryptocurrency trading platforms to maintain the balance between contract prices and the underlying asset prices, typically applicable to perpetual contracts. It is a mechanism for exchanging funds between long and short traders; the trading platform does not charge this fee. It is used to adjust the cost or profit for traders holding contracts, keeping contract prices close to the underlying asset prices. When the funding rate is 0.01%, it indicates the baseline rate. When the funding rate exceeds 0.01%, it indicates a generally bullish market. When the funding rate is less than 0.005%, it indicates a generally bearish market.